First Time Homebuyer Westlake Village

Are you looking to buy your first home in Westlake Village? If so, you found the right place!

Community First Mortgage is a mortgage broker who has been in business in Westlake Village since 1986 and we are located in the same office building across from the Promenade at Westlake Village. The Promenade wasn’t even built when our business opened.

Community First Mortgage has helped over a thousand first time home buyers buy their first home locally and we continue to work with our clients after their first home purchase when they refinance, purchase investment properties and when they move up to another home throughout their lives. We would love to create that lifetime business relationship with you as well.

What do we have to offer?

  • Quick preapprovals. Once we have your application and income documentation we can have a preapproval letter out to you in as little as an hour.
  • Lower conforming loan rates than any big bank, credit union, or any other local mortgage broker. “Wow, your rates are fantastic!” is something we have heard for decades, something we pride ourselves on, and part of the reason clients keep coming back to us for a mortgage.
  • Personalized service. Sure, if you shop online long enough you might find a lender in the middle of the country who can offer slightly better rates, but that lender is not going to give you the attention you need for the largest transaction of your life.
  • We close quickly. Some of our lenders close in as little as 10 calendar days. In a competitive market, it helps to have an edge and being able to close quickly may be the difference between having your offer accepted or declined.
  • We are local. Most of our clients like to handle the transaction entirely online, but for the clients who want to come in and meet us – we are always here to say hello.

What are common questions from our first time home buyers?

  • How much can I qualify for?
  • How much can I afford? (Which is different from what you can qualify for!)
  • How much do I need for a down payment?
  • Can I receive gift funds?
  • Do I need to pay for private mortgage insurance (PMI)?
  • When can I lock a rate?
  • How much are closing costs?
  • What is the minimum required credit score?
  • How can I raise my credit score quickly?
  • Should I consolidate all of funds into one account before closing?

It’s our job to answer these questions and any other questions you may have. Buying a home is a big deal and can be stressful. It’s important you have a clear understanding of the mortgage process and the loan terms and we are happy to go over your questions and concerns with you.

Are you shopping for a great rate on your first purchase?

If so, please click the “Home Purchase Rates” button and complete the questionnaire and we’ll send you a quote quickly.

Are you ready to apply and get preapproved?

If so, please click the “Apply Now” button and we’ll be in touch with the next steps.

Wondering what documentation we may require for the preapproval?

Here is a link to a general list of documents we’ll need.

We are excited to work with you on your first home purchase in Westlake Village and look forward to hearing from you.
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